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Infibeam Avenues clinches 'Chief Risk Officer of the Year' and 'Risk Manager of the Year' Awards at the CRO Leadership Awards 2020
23rd January, 2020
Continuing its award winning run well into the new year, Infibeam Avenues' payment gateway solution CCAvenue won the 'Chief Risk Officer of the Year' and 'Risk Manager of the Year' awards at the CRO Leadership Summit & Awards 2020. The award ceremony was held at the Hyatt Regency, Mumbai on January 23, 2020. While Ms. Smita Shetkar was recognized for her successful role as CRO of Infibeam Avenues' Payment Services Division, Ms. Kavitha Shetty was awarded for her invaluable contributions as the Risk Manager. CCAvenue was also recognized for its achievements under the 'Risk Management Team of the Year' category. Ms. Priya Pawar and Ms. Aarti Upadhyaya were Infibeam Avenues' representatives who accepted the awards on behalf of the company at this event .

CRO Awards 2020 The CRO Leadership Summit and Awards acknowledges the efforts and achievements of top CROs, Risk Managers and Risk Management teams of organizations across sectors. This event showcases proactive, productive, and innovative approaches to risk management frameworks, functions and processes.

Smita and Kavitha are primarily responsible for the exceptional performance of their risk management team. CCAvenue's Risk Management Department strives to protect the merchant, the customer and the company from losses due to fraud, and counter malicious intent through constant monitoring, analyzing and determining fraudulent transactions. The CCAvenue Risk Solution provides an unprecedented level of risk detection and verifies each transaction by checking for key variables such as high risk global IP address verification, BIN number mapping, Keystroke speed recording, etc.

CRO Awards 2020 The Chief Risk Officer and Head of the Risk Management Team at Infibeam Avenues' Payment Services Division, Ms. Smita Shetkar stated: "We at Infibeam Avenues feel proud to receive these prestigious awards in recognition of our efforts. Since CCAvenue facilitates the collection of digital payments for innumerable Indian eCommerce businesses, the company has set tight security controls throughout all its business processes to minimize instances of frauds. The CCAvenue team also ensures best-in-class risk mitigation through an elaborate screening of documentation and checks with a negative database built over the years while on-boarding new merchants. CCAvenue has been successful in meeting these challenges and gained itself widespread recognition and appreciation from clients as well as business partners globally."

About Infibeam Avenues Limited
Infibeam Avenues Limited Infibeam Avenues Ltd. is India's leading B2B e-Commerce Solutions provider offering end-to-end e-Commerce software solutions through the internet to small and large merchants, enterprises and the government. The Company caters to customers across business verticals and includes many of the most established brands in India and internationally. The company's web-based e-commerce solutions include SaaS based ERP platform with strong integrated back-office tools for building and managing online stores, digital payment services, logistics solution and more. Infibeam Avenues also offers payment processing services to over 70% of India's e-Merchants through, a PCI DSS 3.2.1 compliant payment gateway platform. CCAvenue is India's largest direct debit engine, which connects to more than 58+ Indian banks in real time and processes all types of Credit Cards, Debit Cards and Digital Wallets including UPI payments. Hospitality Solution and, an operating unit for BBPS based bill payment engine are among other SaaS solutions launched by the company. The company's web-services are used by over 400,000 merchants around the world. For more information, please visit